All Forum Posts by: Patrick Kwon

Hello,

I am doing my first house hack. I fixed up the property in about 4 months and I have rented out the extra bedrooms now. 

I was looking into doing a HELOC or Cash out refi. It dawned on me that if I can do a HELOC at 6 months after purchase, then a cash out refi at 12 months after purchase, I could pull out money twice from one property in one year. Would anyone have experience with this? Would the cash out refi at 12 months look at the line of credit on the house and decline my loan based on dti?

Thank you,

Patrick

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For investors in the southern CT area. I am wondering what you think about this deal. For anyone who has done a SFH to duplex conversion, I would love your opinion, as well. 

Here are some details:

The deal: 350,000 asking price, 2600 sq feet, 55,000 estimated rehab, B zoned

Market: Within walking distance of Norwalk Hospital (stable, profiting hospital). Norwalk real estate market has been growing in the past few years. Average rent for 2 br: $2,000. 

Hello,

I am seeking a qualified realtor with investment properties of their own. If you have worked with anyone near this area or are a realtor, please let me know.

Thank you,

Patrick

As the title suggests, I am looking for a recommendation for a real estate lawyer. I am a new investor, and I am planning to use BRRRR. I want to make sure I am following the best possible practice while setting up the entity and finding my business team. I am looking for a lawyer with real estate investments of their own and has a good track record.

If you could PM your recommendation with your experience with the professional that would be great. If you want to simply discuss in the comments, that would be great too.